SHANGHAI, May 25 (SMM) – SHFE 1507 copper contract prices gapped lower at RMB 44,600/mt for night session last Friday and vacillated at RMB 44,520/mt. The prices increased slightly later and ended the session at RMB 44,720/mt.
The July-delivery SHFE copper treaded water during daytime trading Monday and closed down RMB 44,710/mt, down RMB 450/mt. Positions of SHFE 1507 copper contract decreased 13,646 and trading volumes increased 9,596 lots. SHFE 1508 copper positions grew 10,654.